Profitable Candlestick Trading: Pinpointing Market Opportunities to Maximize Profits
$24.29
| Author(s) | |
|---|---|
| Product Type |
Ebook |
| Format |
|
| Skill Level |
Intermediate to Advanced |
| Pages |
336 |
| Publication Year |
2002 |
| Delivery |
Instant Download |
Profitable Candlestick Trading is Stephen W. Bigalow’s master-level guide to applying candlestick signals in real trading conditions—combining Japanese pattern psychology with Western indicators to create a powerful, rules-based trading methodology. Unlike introductory candlestick books that simply list patterns, Bigalow focuses on the profitability framework: identifying high-probability entries, confirming signals with supporting indicators, managing trades with discipline, and avoiding traps caused by false pattern recognition.
This 336-page reference reveals how institutional money leaves footprints within candlestick formations and how traders can exploit these shifts in sentiment before the crowd reacts. Bigalow explains the emotional drivers behind bullish and bearish reversals, continuation patterns, gaps, trend lines, stochastic confirmation, moving average analysis, and the critical role of the “signal + confirmation” sequence.
A significant portion of the book is dedicated to combining candlesticks with Western technical tools—creating synergy between signal recognition and trend structure. Traders learn how to use moving averages, stochastics, Bollinger Bands, support–resistance frameworks, gaps, and breakout zones to validate setups. Real-world chart examples throughout the book demonstrate the mechanics of actual trades: where to enter, where to exit, when to add, and when to stand aside.
More importantly, Bigalow emphasizes the psychological component—helping traders interpret market sentiment, avoid emotional mistakes, and build confidence in pattern-based trading. Whether you trade stocks, Forex, options, or crypto, this book provides a complete candlestick trading blueprint used by professional analysts around the world.
✅ What You’ll Learn:
- The core bullish and bearish candlestick reversal signals—and how to confirm them
- How candlestick patterns reflect shifts in investor psychology and market sentiment
- Using moving averages, stochastics, and Western indicators to confirm candlestick setups
- How to recognize high-probability continuation and breakout patterns
- Entry, exit, stop-loss, and profit-target tactics using Bigalow’s rules
- Identifying failed signals and avoiding traps caused by weak reversals
- Trading gaps, windows, trend lines, and breakout zones using candlestick confirmation
- The complete “signal + confirmation + follow-through” model for high-confidence trades
- How to build consistent trading habits using structured candlestick logic
- Real-chart applications across stocks, ETFs, futures, and currencies
💡 Key Benefits:
- Master professional-grade candlestick interpretation
- Learn a practical, rule-based trading model
- Identify reversals earlier and avoid late entries
- Reduce false signals using confirmation techniques
- Improve trade timing, discipline, and consistency
- Gain clarity on trend strength, sentiment, and momentum shifts
👤 Who This Book Is For:
This book is ideal for:
- Traders who already understand candlestick basics and want deeper, more actionable strategies
- Day traders, swing traders, and position traders seeking earlier entries with lower risk
- Technical analysts who want to integrate Japanese pattern reading with Western indicators
- Anyone looking for a complete, structured system for candlestick-based decision making
- Traders who want to improve psychological discipline and avoid emotional trading errors
📚 Table of Contents:
- The Reversal Patterns
- Continuation Patterns
- Major Signals Explained
- Finding and Learning the Signals Made Easy
- Common Patterns
- Revolutionizing Investor Psychology
- Analyzing Profitable Trades
- Maximizing Profits
- Trading Programs
- Using Candlesticks to Improve Elliot Wave Analysis
- Option Trading Refined
- Candlesticks with Commodities and Futures
- The Ultimate Investment Program
- Candlestick Trading Rules
Profitable Candlestick Trading By Stephen W. Bigalow
18 reviews for Profitable Candlestick Trading: Pinpointing Market Opportunities to Maximize Profits
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Alejandro Velasquez (verified owner) –
This book gives a new, more detached vision of the market.
Esme Moran (verified owner) –
I have read Steve Nison’s books on Candlestick Trading, and they do not come close to the clarity that Stephen Bigalow provides in this book. He explains each of the Major, Secondary and Continuation signals and give clear example as to when and how to use them. I am going to buy his new book entitled ‘High Profit Candlestick Patterns’, because I know it will be worth the investment.
Ezra Blackwell (verified owner) –
This is an excellant written book,simple step by step explanation of the candlestick methodology. I was impressed with the ease in which I learned the 12 Major candlestick patterns.This book has taken the mistry out of candlestick reading, and it will place a wealth of knowledge in the hands of newbee traders like myself. Excellent book.
Daphne Nguyen (verified owner) –
I attended Steve’s seminar 2 years ago, and have been using candlestick patterns ever since. This is an excellent book which provides an easy-to-read introduction to candlestick charts. Steve’s approach is a major element of my trading plan.
Tate Conrad (verified owner) –
This book is an excellent introduction into Candlestick Trading. The author shows how to gauge market sentiment in an unusual way. Highly recommended!
Meghan Stevenson (verified owner) –
I am a beginner Commodities/Futures Trader, and am in the process of learning everything I can about all the various trading tools and charting methods. My expectations after having read a lot of books now, is that the book should contain a focused look at the ‘topic’ followed by primary, secondary and tertiary examples of how the methodology of the subject can work effectively AND when it doesnt work well. Stephen Bigalow did an excellent job. The only weakness? The vast amount of analysis provided was for Stock Traders, even though the CandleStick methodology was invented for commodities/futures trading. There is a 3 page section that covered how effective the Candlestick charting method is for commodities trading, but in those 3 pages, he basically says that Candlesticks were invented for Commodities Trading and all the examples that are in the book apply BETTER for commodites as the underlying factors of price in Commodities are not as variant as they are with stocks. Bingo. So why all the analysis based on Stock Trading? I guess he had to play to the larger market of buyers. Anyway, he covers every kind of pattern, and his explanations are clear, succinct, and understandable. I highly recommend this book if you want to understand CandleStick’s.
Kenia Cunningham (verified owner) –
I’m very pleased with the information contained in the book. However, most of the information contained in the book can be found on the authors website for free. Just google Stephen Bigalow and check it out for yourself, lots of info in the forum at that site as well. I read some other reviews (at another site) that recommended his second book over this one as the basics can be found at his website (and several others) and you can get more into the theory in the other book. With that said I still recommend it and would say its a 5 star rating based on the information. I use it every night while doing my research for the next trading day. Anyway, just something to know. Seems most days you can find just about anything on the net if you look hard enough. May all your days be bullish kickers!
Turner Peters (verified owner) –
I was doing poorly in the stock market. I read this book and I started to see success. Candlestick signals are a wonderful way to do technical analysis. I wish this book would have crossed my path sooner. Steve makes this book easy to understand and follow. Learn how and when to enter and exit stocks. Also learn how to manage you money for sucess.
Damir Avery (verified owner) –
This is a great book for beginners and the more experienced alike. An excellent reference manual to have on the bookshelf. It’s the sort of book you dip into for info and not the type you would read from cover to cover. Also, it explains matters in an easy to digest format. With so many books available on the subject, I think this book is a good investment.
Camden Beard (verified owner) –
Very nice book on trading stocks using candlesticks, good images and teaches basics in a way you can easily understand. Well worth the price for the knowledge you gain. Highly recommended !!!!
Bexley Dixon (verified owner) –
I purchased the Candlesticks for Trading book three years ago and have felt it has been an invaluable aid in my stock market trading. It is easy reading and much easier to apply. I liked it so much I made flash cards from the book and review them all the time. I recommend the book highly.
Brittany Daugherty (verified owner) –
Very good book.
Easy way to look for basic fundamental studies.
I high recommend.
Lyanna Brandt (verified owner) –
Skimmed through the Profitable Candlestick Trading: Pinpointing Market Opportunities to Maximize Profits , by Steven W Bigalow. Despite the claims that it would help Investors to “Pinpointing Market Opportunities and Maximizing Profits” it is really hard not to think, that the book is nothing but a quick-fix for a ‘trading-coach’ looking to make a quick buck, when his customers have deserted him.
There is no scientific or testable biases in the book, only a bleak summary of ‘conventional’ wisdom. He presents chart after chart, points out profitable trades, but completely leaves out any testable setups. This book will remain on the shelf and will not probably not even serve as a reference guide. I would only rate this as a useful guide for someone that has a low hurdle for wasting money on non-testable charting.
Gabriel Roach (verified owner) –
very good very good, book was of good value and the quality is also very good
Finley Quintana (verified owner) –
A comprehensive and simplistic guide to candlesticks, but presents the method as more reliable and consistent than it really is for trading. Interesting, but not ultimately all that useful.
Callan Estes (verified owner) –
if you want to trade candles these is a great book to learn from
Marcellus Baldwin (verified owner) –
I liked the detail explanation along with the charts. It really reinforced memorizing the candlestick signals. I recommend this for those who want to really understand Candlestick signals.
Leila May (verified owner) –
Training aid for trading. Can also use with price action trading.